[1] In this episode, Jerry and George meet with NBC executives to discuss their proposal for a pilot, while Kramer behaves oddly due to a severe blow to the head.
Continuing from "The Pitch," as a result of a blow on the head by Crazy Joe Davola, Kramer starts suffering from hemispatial neglect and possibly a concussion: he forgets to dress/shave half of his body properly, randomly says "Yo-Yo Ma," and starts spouting gibberish while talking on the phone.
On the way, Jerry complains that his watch, gifted to him by his parents, doesn't keep time properly and is too slow.
Once in court, however, Kramer experiences short-term memory loss due to his head injury and completely forgets about their agreed-to alibi, causing Newman's case to crumble.
George thinks this offer is insultingly low, comparing it to what he believes NBC pays Ted Danson.